Producer Prices Index: Type of Goods: Investments Goods: Domestic for Norway
Growth rate same period previous year, Monthly
NORPITGVG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.67
Year-over-Year Change
73.78%
Date Range
1/1/1996 - 1/1/2023
Summary
The 'Growth rate same period previous year, Monthly' metric measures the year-over-year percentage change in a monthly economic indicator. This trend provides insights into the pace of economic growth and is closely monitored by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the year-over-year growth rate of a key economic indicator on a monthly basis. It allows for comparisons of the current month's value to the same month in the previous year, providing an important gauge of economic momentum and performance.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying monthly economic indicators.
Historical Context
Economists and policymakers use this trend to assess the strength and trajectory of the economy.
Key Facts
- The data is published monthly by the U.S. Federal Reserve.
- The trend helps identify periods of economic acceleration or deceleration.
- Year-over-year growth rates provide a standardized comparison over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in a key monthly economic indicator, providing insights into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers and analysts as an important gauge of economic momentum and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying monthly economic indicators.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength and trajectory of the economy, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (NORPITGVG02GYM), retrieved from FRED.